(Bloomberg) -- Political risk may be alive and kicking, but investors couldn't seem to care less. While Eastern Europe has seen two new premiers in little more than a month and Poland is being threatened with relegation to the EU's sin-bin for eroding the rule of law, the region's currencies are soaring. Implied volatilities on the zloty, the forint and the koruna are all sliding, a sign that traders think that political risk isn't a headache for the exchange rates.
To contact the reporters on this story: Marton Eder in Budapest at meder4@bloomberg.net, Adrian Krajewski in Warsaw at akrajewski4@bloomberg.net.
To contact the editor responsible for this story: Ven Ram at vram1@bloomberg.net.
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